Malaysian oil and gas company Petronas, through its subsidiary PC Senegal Ltd, has signed a farm-in agreement with Total E&P Senegal SAS, a subsidiary of Total, to acquire a 30 per cent participating interest in the Rufisque Offshore Profond block
Upstream
Global upstream project delivery is hitting the mark: Wood Mackenzie
The successful execution of capital projects across global oil and gas industry has become of crucial importance to an upstream industry adapting to lower prices, according to a new Wood Mackenzie report
Nigeria and Mozambique dominate capex outlook in Sub-Saharan Africa
In Sub-Saharan Africa, Nigeria leads with 10 planned oil and gas projects that are expected to start operations between 2018 and 2025, followed by Mozambique with two projects, according to GlobalData, a leading data and analytics company
GlobalData: Nigeria will spend more than US$25bn on upstream capex by 2020
Nigeria will spend an average capital expenditure (capex) of US$8.4bn each year on 249 oil and gas fields between 2018 and 2020, said GlobalData
‘More than US$9.1bn will be spent on Mozambique’s upstream capex by 2020’
An average capex of US$3bn per year would be spent on eight oil and gas fields in Mozambique between 2018 and 2020, according to GlobalData, a leading data and analytics company
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